Modesto Commerce Bank
Modesto, CA — Domestic Branch of a Domestic Bank
Acquired Nov 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Modesto Commerce Bank | All Insured Commercial Banks in California |
Interest and Fees on Loans | 9,816 | 16,008 |
Income from Lease Financing Receivables | — | 8,543 |
— | 835 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 458 |
Income on Loans and Leases (TE) | 9,816 | 15,637 |
Investment Interest Income (TE) | 547 | 6,791 |
Total Interest Income (TE) | 10,879 | 16,149 |
Total Interest Expense | 2,387 | 3,606 |
Net Interest Income (TE) | 8,492 | 12,517 |
Non-Interest Income | 580 | 3,996 |
Adjusted Operating Income (TE) | 9,072 | 16,954 |
Non-interest Expense | 3,666 | 9,854 |
Provision for Loan & Lease Losses | 265 | 3,375 |
Pretax Operating Income (TE) | 5,141 | 33,900 |
Pretax Net Operating Income (TE) | 5,141 | 34,234 |
Applicable Income Taxes | 2,063 | 12,264 |
Net Operating Income | 3,039 | 21,534 |
Net Income | 3,039 | 21,532 |
Cash Dividends Declared | — | 13,403 |
Retained Earnings | 3,039 | 15,456 |